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Latest IOST News: Partnerships, Mainnet and More

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IOST news
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With the third quarter of 2018 almost over, the fourth quarter brings with it lots of optimism in terms of technical developments for our favorite crypto projects as well as the market performance of the corresponding digital assets. In the case of IOSToken (IOST), lots of new developments have been eclipsed by the current bear market that has led to the total market capitalization of the crypto market falling to $200 Billion. The digital asset of IOST has not been spared by the current decline and is currently trading at $0.012 having dropped from comfortable levels of $0.017 only a few days ago.

But with the new week ahead, it is good to recapitulate on the recent IOST news and why they give us more reason to be bullish about the token as we enter the fourth quarter of 2018.

Recent IOST news and Partnerships

The IOSToken team have managed to seal a few partnerships in the past few days.

On the 14th of September, the team announced via Twitter that they were partnering with the offline tech school of Code Chrysalis which provides intensive coding boot camps for engineers. IOST will be partnering with the school to launch and offer blockchain coding courses in the near future.

On the same day, the IOST team announced that they were partnering with Mantra to form a tamper-proof charity ecosystem. The announcement would further state that:

“As a public chain project, IOST also pays attention to the impact that blockchain technology will have on charitable activities, and has been working hard to promote blockchain’s many uses for charitable organizations.

In the future, IOST will provide technical support for Mantra, and will help to make Mantra’s donation information and fund usage publicly available through an information query system in order to build a tamper-proof, trustless and transparent charity infrastructure.” 

A few hours ago, the team at IOST have tweeted a new partnership with the team at Ginco. This firm is behind one of Japan’s most popular cryptocurrency wallet of the same name. IOST will be added to their digital wallet and will be co-hosting an event in Tokyo with the team at Ginco later on in the year. The full tweet making the announcement can be found below:

Technical Updates

The team at IOST also updated the community about the recent technical developments. With regards to the consensus protocol on the IOST network, the team has fixed a bug that was affecting receipts. They also added transaction deletion endpoints and designed a voting system that is yet to be reviewed. Other technical updates included upgrading the peer-to-peer network and IOST’s virtual machine. More on this can be found on their Medium.com page.

Tokyo Office And Expansion in Japan

The team has been aggressively pushing for the expansion of IOST in Japan for the last two weeks. They have officially opened an IOST Tokyo office located in the Blink Smart Office workplace.

IOST also welcomed two new team members to their Japan team. They include  Makoto Ota, who will be leading Business Development in the Japanese market and Kanna Sato, who will be the Community Manager for IOST in Japan. Both new team members have experience in the startup industry in Japan and will assist in the smooth operations in the country.

In conclusion, the IOST project continues to make major strides and according to its updated roadmap. According to the same roadmap, the public Testnet will be launched in Q4 with the highly anticipated Mainnet being launched in early 2019. Look for more exciting IOST news to come.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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3 Cryptocurrencies Most Likely to Follow Bitcoin’s Performance

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For more than a year, the cryptocurrency market has been dominated by bearish influence, with most coins seeing constant drops, or stagnation, at best. This all changed in the past few months, starting with Bitcoin which once again started leading the market up, bringing one minor rally after another.

BTC itself experienced massive losses in 2018, with its price going down by around 84%. Most other coins among the top 10 mirrored its performance, and some of them experienced even greater losses. However, now that Bitcoin sees gains again, these cryptocurrencies are still following its example, and many of them have seen massive breakouts. Some of the more notable altcoins that followed Bitcoin’s recent example are Ethereum (ETH), Stellar (XLM), and Cardano (ADA).

Ethereum performance mirroring Bitcoin’s price

As mentioned, Bitcoin led every rally so far, but before it did, its price first went through what is known as an ascending triangle pattern. The pattern held for around five months, which is exceptionally long for the crypto world. However, once the pattern was finally broken — the coin’s price skyrocketed, more than doubling itself within only two months.

One thing to note is that Ethereum performed in pretty much the same fashion. After five months of struggle and confusion for investors, the second largest cryptocurrency also managed to break the pattern and skyrocket as well. It…

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